ABA Journal

Lawyer Pay

1301 ABA Journal Lawyer Pay articles.

Law firm talent war drives firm expenses up 7.2%; will associates be a ‘profit sinkhole’?

Direct expenses at larger law firms increased 7.2% in the last year, mostly driven by a jump in associate compensation, according to the latest Peer Monitor Index report by Thomson Reuters.

Another midsize firm raises associate pay

Several midsize law firms are boosting starting pay for associates next year in a bid to stay competitive.

Some California law firms turn down work amid associate shortage; six-figure signing bonuses reported

A shortage of associates in California’s Bay Area is leading some law firms to turn down work and others to strain available lawyers with the workload, according to a report by the Recorder.

BigLaw firm announces special bonuses; blog notes key word is ‘discretionary’

Paul, Weiss, Rifkind, Wharton & Garrison announced special bonuses last week for associates and counsels who showed “exceptional commitment.”

Some Texas law firms are offering signing bonuses as high as $500K to lateral associates

The demand for legal talent in Texas is so strong that some law firms are paying signing bonuses as high as $500,000 to hire the most experienced associates from other firms.

What is the starting pay for public defenders? Low salaries discourage applicants

The median starting salary for public defenders is $63,638, according to information supplied by public defender offices in larger cities throughout the United States.

Median salaries reach all-time high for class of 2020 law grads, while employment rate drops slightly

The employment rate for law graduates in the class of 2020 decreased by nearly two percentage points from the prior year, but the news wasn’t all bad, according to figures released Thursday.

Law firms make counteroffers to retain rainmakers; is it a good idea?

Many law firms are making counteroffers to keep on board rainmakers who are planning lateral moves. But is the enticement effective?

After Milbank raises associate salaries, Davis Polk goes higher and many follow

Several law firms followed Milbank’s lead when it announced Thursday that it was raising pay for associates for the first-year class and for those with the most experience. Then Davis Polk & Wardwell announced Friday that it was topping the Milbank scale.

Milbank, the first law firm to raise associate pay in 2018, makes a new move; will others match?

Milbank, the law firm that was first to raise associate pay in 2018, announced Thursday that it is raising pay for first-year associates to $200,000.

Why lawyers in practice have to be mindful of time—especially their billing time

This is as good a time as any to discuss time. As Benjamin Franklin said, “Remember that time is money”—but I won’t waste any time discussing his kites. What does time mean to lawyers? Billable hours.

Afternoon Briefs: McDonald’s faces Illinois privacy suit; NYPD accused of violating graffiti artists’ rights

McDonald’s sued over voice recognition software

McDonald’s is accused of violating Illinois’ biometric privacy law by using voice recognition software to recognize repeat customers at drive-thrus. The suit, filed in…

Law firms in Am Law Second Hundred saw gross revenue increase slightly; which virtual firm cracked the list?

The law firms ranked 101 to 200 for gross revenue had a respectable year in 2020, but their numbers are still well below law firms in the top 100, according to results published this week by the American Lawyer.

After DLA Piper standardizes associate pay across markets, other law firms also boost pay

Some associates working at larger law firms in smaller legal markets are seeing pay increases.

Why do female lawyers leave law firms? ‘Blatantly unfair’ compensation often cited, new ABA report says

Compensation systems that are “blatantly unfair” and “rife with gender bias” were most often cited as the reason female attorneys left their law firms, according to a new ABA report based on focus groups and interviews with experienced female lawyers.

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